LaBelle has crafted hits that have fueled the background sounds for many family reunions like "If Only You Knew," "New Attitude" and "On My Own." Recently, the 71-year-old singer's sweet potato pies has everyone talking this holiday season.

Reid is a legendary music producer and music mogul who is responsible for bringing the Atlanta sound to the forefront along with Babyface on the now-defunct label, LaFace Records. The 59-year-old hitmaker has produced char-topping songs for countless artists including Toni Braxton, Usher, TLC, Ciara, Bobby Brown and Boyz II Men.

U.S. Attorney General Eric Holder, Chairman of the Board of Directors of Dreamworks Animation Mellody Hobson, and Empire co-creator Lee Daniels will also be feted at the 2016 ceremony. Each of the successful people mentioned above have already received a multitude of awards, but the BET Honors will celebrate their whole career.

BET Honors celebrates five distinguished African-Americans in entertainment, business, education and more. This year's ceremony will be hosted by Arsenio Hall. The performers have yet to be announced for this year but we're rooting for Fantasia to honor LaBelle while Hall adds in a few skits based off of Reid and Daniels.

Former honorees have included Alicia Keys, Sean "Diddy" Combs, the late Maya Angelou, Ice Cube and Berry Gordy.

The 2016 BET Honors will be taped at the Warner Theatre in Washington D.C., on Jan. 23 for a later broadcast on BET on Feb. 23 at 8PM ET.